buy-in

buy-in
In the context of pensions, an arrangement between the trustees of a defined benefit scheme (DB scheme) and an insurance company under which the trustees pay a premium and in return receive an income stream to cover payment of some or all of the scheme's accrued benefits. In contrast to a buyout, a buy-in policy is held in the trustees' name as an investment of the scheme, and the scheme usually continues to deal with the payment and administration of benefits.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • buy — [bī] vt. bought, buying [ME bien < OE bycgan < ? IE base of BOW1] 1. to get by paying or agreeing to pay money or some equivalent; purchase 2. to get as by an exchange [buy victory with human lives] 3. to be the means of purchasing [all… …   English World dictionary

  • Buy — (b[imac]), v. t. [imp. & p. p. {Bought} (b[add]t); p. pr. & vb. n. {Buying} (b[imac] [i^]ng).] [OE. buggen, buggen, bien, AS. bycgan, akin to OS. buggean, Goth. bugjan.] 1. To acquire the ownership of (property) by giving an accepted price or… …   The Collaborative International Dictionary of English

  • buy-in — ˈbuy in noun [countable] FINANCE when a company buys its own shares from existing shareholders; = BUYBACK: • A buy in has the advantage of removing small shareholders and frees the parent company to run the unit. ˌmanagement ˈbuy in FINANCE when… …   Financial and business terms

  • Buy — may refer to:* BUY (Burlington Alamance Regional Airport), Burlington, North Carolina * Buy.com, a shopping website * Buy (album), a 1979 album by James White and the Contortions * Buy River, a river in Perm Krai and the republics of… …   Wikipedia

  • buy — I verb acquire by purchase, acquire ownership of, bargain for, complete a purchase, contract, get in exchange, make a purchase, make one s own, mercari, obtain, order, pay a price for, pay cash for, pay for, procure, procure title to, purchase,… …   Law dictionary

  • Buy — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. {{{image}}}   Sigles d une seule lettre   Sigles de deux lettres > Sigles de trois lettres …   Wikipédia en Français

  • buy — ► VERB (buys, buying; past and past part. bought) 1) obtain in exchange for payment. 2) get (something) by sacrifice or great effort. 3) informal accept the truth of. ► NOUN informal ▪ a purchase …   English terms dictionary

  • Buy — ist der Name folgender Personen: Frans du Buy (* 1931), niederländischer Jurist und Völkerrechtler Margherita Buy (* 1962), italienische Schauspielerin Siehe auch: Best Buy, US amerikanisches Unternehmen mit Firmensitz in Richfield, Minnesota …   Deutsch Wikipedia

  • buy — buy, purchase mean to acquire something for money or an equivalent. Buy is at once the more general and the homelier word; consequently, while it may be freely used of any such transaction, it is distinctly the word of choice in respect to small …   New Dictionary of Synonyms

  • Buy — Buy, v. i. To negotiate or treat about a purchase. [1913 Webster] I will buy with you, sell with you. Shak. [1913 Webster] …   The Collaborative International Dictionary of English

  • Buy Me — is a television program that is currently aired on HGTV in the U.S. (since 2005), and on HGTV Canada (since 2003), where it is that cable network s most popular show. It is also seen in Belgium and South Africa, either dubbed or with subtitles.… …   Wikipedia

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